INDEPENDENCE CHRISTIAN SCHOOLS INC (EIN 510172780) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

JOE HOGAN

Phone

7149707009

Tax Period

2024-07-01 to 2025-06-30

INDEPENDENCE CHRISTIAN SCHOOLS INC, founded in 1975, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 6% surplus.

Mission

PROVIDES PRIVATE CHRISTIANS EDUCATION FOR CHILDREN IN PRESCHOOL THRU THE 8TH GRADE

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,394

Program Service Revenue $1,923,538

Investment Income $0

Other Revenue $57,539

TOTAL REVENUE $1,983,471

Expense Breakdown

Grants Paid $240,226

Salaries & Benefits $1,071,141

Fundraising Expenses $596

Program Expenses $1,702,842

Other Expenses $551,665

TOTAL EXPENSES $1,863,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,983,471	$1,885,164	+0.1%
Expenses	$1,863,032	$1,848,693	+0.0%
Net Income	$120,439	$36,471	+2.3%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$67,200

Total Directors

$7,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE HOGAN	HEAD OF SCHOOL	10.00	Officer Director	$7,200	$0	$7,200
PASTOR RICK DANNA	PRESIDENT	2.00	Director	$0	$0	$0
AIMALEE KNUDSEN	OFFICER	1.00	Director	$0	$0	$0
JOY MCINNIS	OFFICER	1.00	Director	$0	$0	$0
HEATHER VALENCIA	OFFICER	1.00	Director	$0	$0	$0
NATALIE CISNEROS	PRINCIPAL	40.00	Officer	$60,000	$0	$60,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,983,471	$1,863,032	$1,100,747	$120,439
2024	No data	No data	No data	No data
2023	$1,513,788	$1,395,446	$719,611	$118,342
2022	$1,560,742	$1,369,423	$575,371	$191,319
2021	$1,335,660	$996,885	$390,218	$338,775
2020	$898,346	$922,212	$202,831	$-23,866
2019	$863,883	$795,682	$103,750	$68,201
2018	$910,733	$893,861	$72,174	$16,872
2017	$967,483	$957,712	$66,421	$9,771

INDEPENDENCE CHRISTIAN SCHOOLS INC